Avenue 44 At Towne Street
Indio, CA 92201
60-Unit Site with Permits (Opportunity Zone) · Land For Sale · 5.50 AC

Fully entitled and permitted 60-unit multi-family residential development site located on Avenue 44 just west of Jackson Street in the booming city of Indio. This development opportunity will be delivered with all final city approvals for the construction of 60 residential units in six separate buildings along with a full set of blueprints for the development. Fully entitled shovel-ready projects are very difficult to find in Southern California and this property is very well positioned to take full advantage of the exploding Indio multi-family apartment market. The site is rectangular in shape with 836’ of frontage along Avenue 44 with a depth of 286’. The topography of the site is flat and all of the utilities are to the site. The neighborhood surrounding the subject property is primarily single family residential in nature with a few small retail strip centers and several schools (there are three elementary schools located within blocks of the subject property). There is a large parcel of city-owned vacant land directly to the south of the subject along with a number of well-maintained office/industrial buildings as well. The property is located on Avenue 44 just west of Jackson Street and is only two blocks to the south of the I-10 freeway. Access to the freeway and access to downtown Indio is excellent. All 60 units in this development are designed to be 2 bedroom - 2 bath units of 1,050 square feet. Twelve of the units are scheduled to be ADA-compliant. Each unit will also have an attached 2-car garage along with either a private patio or balcony. Amenities will include a club house, a gymnasium with shower facilities, a swimming pool with a Jacuzzi, barbeque and play areas with equipment. This is one of those rare opportunities where a builder can almost immediately begin to work on the project. Final approvals have already been granted and the seller paid over $50,000 to obtain the permits (permits have expired but can be reinstated for a small fee). Additionally, this site is also located in one of the newly created federally designated Opportunity Zones. Opportunity Zones offer significant tax incentives to prospective buyers in an effort to spur development in certain areas.